Coretech AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2023
55of 100
How to read this: the company is ahead of 58 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 2,081 of 4,911 · What are Morning company classes?
Place in the whole sector: 2,521 of 5,989 · Revisjon, regnskap og rådgivning
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 48 and resilience 62 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Coretech AS is 4 points above the median for companies in the Morning class Micro in the same sector in 2023.
Median score 51 among 4,909 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin −64.8% (median 12.8%) and equity ratio 60.0% (median 45.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 2 MNOK |
| Operating margin | −64.8% | 12.8% |
| Profit margin | 1,471.4% | 13.6% |
| Return on assets | 76.6% | 19.1% |
| Equity ratio | 60.0% | 45.0% |
| Debt-to-equity | 0.67 | 1.09 |
| Current ratio | 1.23 | 1.67 |
| Revenue growth | – | 11.5% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 55, Coretech AS does better than 58% of companies in the Morning class Micro in the same sector (4,911 companies) in 2023.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
166 days | 61 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
2,912 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
68.6% | −6.4% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
11.2% | 52.2% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
−3.8 | 37.1 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
2.2% | 0.3% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.4% | 0.0% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
Net working capital (current assets less bank deposits less current liabilities): 0.7 MNOK.
Of the financial costs of 0.2 MNOK, 0.1 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
What the numbers say
Coretech AS had an operating margin of −64.8% and an equity ratio of 60.0% in 2023, and ranks 2,521 of 5,989 in Revisjon, regnskap og rådgivning.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 34 MNOK and 234 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | 234 MNOK |
| EV/EBIT | 17.4 | not meaningful |
| P/B | 4.1 | 34 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 3% on the cost of equity gives a value 32% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer Services.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) −3.8 (median 37.1); Financial costs as a share of debt 2.2% (median 0.3%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −64.8% (median 12.8%).
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 166 days (median 61 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.2% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.4%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 48 | weight 40% |
|---|---|---|
| Solidity | 64 | weight 20% |
| Liquidity | 31 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 72 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 75%: the share of the weights that had data.
Questions and answers
How profitable is Coretech AS?
The operating margin was −64.8% in 2023, against a median of 12.8% among companies in the Morning class Micro in the same sector. Return on assets was 76.6%.
How solid is Coretech AS?
The equity ratio was 60.0% in 2023 (median 45.0%). Debt-to-equity was 0.67 (median 1.09).
What is the liquidity of Coretech AS like?
The current ratio was 1.23 in 2023 (median 1.67).
How does Coretech AS compare in Revisjon, regnskap og rådgivning?
Coretech AS ranks 2,521 of 5,989 in Revisjon, regnskap og rådgivning for 2023. Among companies in the Morning class Micro it is number 2,081 of 4,911.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Group structure · 2025
2 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
Private persons own 100% of the shares in Coretech AS. Persons are not shown by name.
Coretech AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Revisjon, regnskap og rådgivning (2 companies) 2 of 2 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Loss
- 1 company: Notion Capital AS
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Coretech AS you are here
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 997377435
- Legal form
- AS · part of a group
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 5 September 2011 15 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Drammensveien 123, 0277 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300LI7AEFEYYYNO74 renews 14 September 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 3 November 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
- Ultimate owner: private person
The company is new in the shareholder register in 2025.
Majority owner of: Notion Capital AS (100%)
The portfolio: 5 of the companies it owns shares in have accounts with us, 1 of them as majority owner. The average index is 33. 1 have negative equity and 3 made a loss in the latest year.
Holds shares in: Smartoptics Group ASA (29%), Ensurge Micropower ASA (1%), Etain AS (45%), Notion Capital AS (100%), Apini AS (50%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Is this your company? Suggest changes or add information
Figures last fetched 10 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | – | – | |
| Rank | 2,521 | – | – | |
| Operating margin | −64.8% | −290.2% | −726.6% | |
| Return on assets | 76.6% | 10.1% | 48.8% | |
| Equity ratio | 60.0% | 61.4% | 88.0% | |
| Current ratio | 1.23 | 0.88 | 11.92 | |
| Revenue growth | – | −41.9% | −33.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.0 MNOK | 0.6 MNOK | 0.4 MNOK |
| Operating profit | −0.7 MNOK | −1.8 MNOK | −2.9 MNOK |
| Profit before tax | 15.4 MNOK | 11.5 MNOK | 91.6 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 15.3 MNOK | 11.5 MNOK | 91.6 MNOK |
| Financial expenses | 0.2 MNOK | 4.5 MNOK | 5.1 MNOK |
| Total assets | 20.3 MNOK | 158.5 MNOK | 197.9 MNOK |
| Current assets | 9.9 MNOK | 38.0 MNOK | 68.6 MNOK |
| Equity | 12.2 MNOK | 97.4 MNOK | 174.2 MNOK |
| Retained earnings | 12.0 MNOK | 97.2 MNOK | 174.1 MNOK |
| Total liabilities | 8.1 MNOK | 61.1 MNOK | 23.7 MNOK |
| Current liabilities | 8.1 MNOK | 43.2 MNOK | 5.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 10 November 2026, accounts id 5108545.
Further
Similar companies
- Jay Capital AS index 55, rank 2,518 · compare
- HB Group Norway AS index 55, rank 2,519 · compare
- Bull- Olsen Invest AS index 55, rank 2,522 · compare
- AASEN & Elsvatn Regnskap AS index 55, rank 2,523 · compare
- Impact Consulting AS index 55, rank 2,525 · compare